Shiba Inu Exchange Reserves Surpass 80 Trillion Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

TOKEN-5.41%

SHIB-3.368%

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Significant Reserve Growth: Shiba Inu's exchange reserves have surpassed 80.5 trillion tokens, marking a recent high that reflects increased market liquidity and may influence investor selling decisions.
Accelerated Exchange Inflows: Over 959 billion SHIB flowed into exchanges during the latest reporting period, indicating that more assets are being moved to trading platforms, thereby increasing the available supply in the market.
Price Pressure: Despite rising trading activity, SHIB's price remains around $0.0000045 and continues to trade below major moving averages, indicating persistent downward pressure on the overall trend.
Market Participation Analysis: Analysts suggest that the current reserve growth may not lead to a significant wave of selling immediately, as many speculative investors have already reduced their exposure, indicating a different market environment compared to previous cycles.

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Technical Analysis for TOKEN

Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

TokenFi (TOKEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00199	0.0022	0.00236	0.00256	0.00273	0.00293	0.00309
Fibonacci	0.0022	0.00234	0.00242	0.00256	0.0027	0.00279	0.00293

About TOKEN

TokenFi aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call 'the next evolution in markets”.TokenFi is launched by the highly experienced and connected Floki team that launched the popular Floki token that went to an ATH valuation of $3.5 billion. They will be leveraging this same experience to make TokenFi the number one tokenization platform in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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